Concentra Group Holdings Parent, Inc. (CON)
None
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 3,165.09% per annum.
- CON price at the close of January 28, 2025 was $23.47 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4,985.78% per annum.
- CON price at the close of January 28, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of CON price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 6, 2025
End date: January 28, 2025
a = 1.3843
b = 0.0096
s = 0.0183
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0096) – 1
= 3,165.09%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0183) – 1
= 7.57%
January 6, 2025 calculations
Top border of price channel:
Exp(Y113)
= Exp(a + b × X113 + 2 × s)
= Exp(a + b × 165 + 2 × s)
= Exp(1.3843 + 0.0096 × 165 + 2 × 0.0183)
= Exp(2.9966)
= $20.02
Bottom border of price channel:
Exp(Y113)
= Exp(a + b × X113 – 2 × s)
= Exp(a + b × 165 – 2 × s)
= Exp(1.3843 + 0.0096 × 165 – 2 × 0.0183)
= Exp(2.9236)
= $18.61
January 28, 2025 calculations
Top border of price channel:
Exp(Y127)
= Exp(a + b × X127 + 2 × s)
= Exp(a + b × 187 + 2 × s)
= Exp(1.3843 + 0.0096 × 187 + 2 × 0.0183)
= Exp(3.2067)
= $24.70
Bottom border of price channel:
Exp(Y127)
= Exp(a + b × X127 – 2 × s)
= Exp(a + b × 187 – 2 × s)
= Exp(1.3843 + 0.0096 × 187 – 2 × 0.0183)
= Exp(3.1337)
= $22.96
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 3,165.09% per annum.
- CON price at the close of January 28, 2025 was $23.47 and was inside the primary price channel.
Secondary Trend
Start date: January 10, 2025
End date: January 28, 2025
a = 1.1650
b = 0.0108
s = 0.0175
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0108) – 1
= 4,985.78%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0175) – 1
= 7.23%
January 10, 2025 calculations
Top border of price channel:
Exp(Y116)
= Exp(a + b × X116 + 2 × s)
= Exp(a + b × 169 + 2 × s)
= Exp(1.1650 + 0.0108 × 169 + 2 × 0.0175)
= Exp(3.0191)
= $20.47
Bottom border of price channel:
Exp(Y116)
= Exp(a + b × X116 – 2 × s)
= Exp(a + b × 169 – 2 × s)
= Exp(1.1650 + 0.0108 × 169 – 2 × 0.0175)
= Exp(2.9492)
= $19.09
January 28, 2025 calculations
Top border of price channel:
Exp(Y127)
= Exp(a + b × X127 + 2 × s)
= Exp(a + b × 187 + 2 × s)
= Exp(1.1650 + 0.0108 × 187 + 2 × 0.0175)
= Exp(3.2128)
= $24.85
Bottom border of price channel:
Exp(Y127)
= Exp(a + b × X127 – 2 × s)
= Exp(a + b × 187 – 2 × s)
= Exp(1.1650 + 0.0108 × 187 – 2 × 0.0175)
= Exp(3.1430)
= $23.17
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4,985.78% per annum.
- CON price at the close of January 28, 2025 was inside the secondary price channel.